EUR/JPY remains sidelined so far this week below the 121.00 handle. US-China trade effervescence keeps weighing on the cross. EUR/JPY remains within a multi-session consolidative theme and seems to be tracking the performance of the 21-day SMA, today at 120.43. The inability of the cross to break above the current consolidation in the short-term carries the potential to spark a move lower with the immediate target at the 119.53/24 band, where coincide the 100-day and 55-day SMAs as well as monthly lows. In order to alleviate the immediate downside pressure, the cross needs to overcome weekly highs around 120.70. Further up aligns the critical resistance in the 121.50 region. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP: rallies should meet resistance around 0.8635 – Commerzbank FX Street 3 years EUR/JPY remains sidelined so far this week below the 121.00 handle. US-China trade effervescence keeps weighing on the cross. EUR/JPY remains within a multi-session consolidative theme and seems to be tracking the performance of the 21-day SMA, today at 120.43. The inability of the cross to break above the current consolidation in the short-term carries the potential to spark a move lower with the immediate target at the 119.53/24 band, where coincide the 100-day and 55-day SMAs as well as monthly lows. In order to alleviate the immediate downside pressure, the cross needs to overcome weekly highs around 120.70. Further… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
